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Banking Crises and Their Causes
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The Great Depression
Causes: Stock market crash, bank failures, reduction in purchasing. Consequences: Unemployment, deflation, global economic downturn.
Savings and Loan Crisis
Causes: Deregulation, risky lending practices, interest rate volatility. Consequences: Institutional failures, taxpayer bailout, recessionary pressures.
Asian Financial Crisis
Causes: Over-leveraged investments, sudden capital outflows, fixed exchange rates. Consequences: Currency devaluations, IMF bailouts, economic reforms.
Subprime Mortgage Crisis
Causes: High-risk lending, housing price bubble, complex financial products. Consequences: Foreclosures, financial institution failures, Great Recession.
Global Banking Crisis of 2008
Causes: Subprime mortgage collapse, excessive risk-taking, lack of transparency. Consequences: Global recession, bailouts, regulatory reforms.
Swedish Banking Crisis
Causes: Deregulation, real estate bubble, risky lending practices. Consequences: Nationalization of banks, deep recession, government intervention.
Japanese Banking Crisis
Causes: Asset price bubble burst, bad debt accumulation, economic stagnation. Consequences: Lost Decade, public fund injections, banking sector consolidation.
Russian Financial Crisis
Causes: Fiscal deficits, low oil prices, external debt. Consequences: Ruble devaluation, default on domestic debt, political upheaval.
Argentine Economic Crisis
Causes: Over-reliance on external borrowing, currency peg to USD, fiscal mismanagement. Consequences: Sovereign default, social unrest, currency devaluation.
Greek Debt Crisis
Causes: Accumulated government debt, fiscal deficit, structural weaknesses. Consequences: Austerity measures, bailouts, economic recession.
Venezuelan Economic Crisis
Causes: Decline in oil prices, economic mismanagement, hyperinflation. Consequences: Humanitarian crisis, mass emigration, political instability.
Cyprus Financial Crisis
Causes: Exposure to Greek debt, banking system collapse, fiscal imbalance. Consequences: Bail-in of depositors, capital controls, economic recession.
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